Done Deals: Riverview condo community sold

Allegro Palm, a 432-unit condominium community in Riverview, has sold for $10,275,000.

The price represents $50,368 per unit and $49 per square foot.

The property is located at 5501 Legacy Crescent Place, approximately 14 miles from Tampa. In all, the sale included 204 condominiums, 32 detached garages, 11 carports and 22 storage units.

The seller was a South American investment group represented by Still Hunter III and Evan P. Kristol, senior vice presidents of investments at the Fort Lauderdale office of Marcus & Millichap Real Estate Investment Services. The identity of the buyer was not immediately available.

St. Petersburg shopping center

Town Plaza, a 67,050-square-foot shopping center in St. Petersburg, has sold to a local private investor for $2.9 million, CBRE said in a statement.

The new ownership plans to revive the neighborhood shopping center, 1846 62nd Ave. N, which had been neglected for several years.

At the time of closing, the property was just under 80 percent leased. Major tenants include Dollar General, Pet Food Warehouse and American Karate Studio.

“Town Plaza is well-located in a densely populated area of St. Petersburg,” said Mark Shellabarger, senior vice president with CBRE who handled the sale on behalf of the seller. “The new owners plan to completely renovate the center to attract more tenants and make it a vibrant shopping center.”

Whole Foods Market coming to Carrollwood

Weingarten Realty Investors paid $2.75 million for a 6.33-acre property on Northdale Boulevard now occupied by a former J.C. Penney Co. Credit Processing building, according to Colliers International Tampa Bay.

“After much consideration of several types of uses, we determined that with so much room for parking, and a prime location in terms of traffic flow, this would make a terrific spot for a retailer,” Jeff Tolrud, managing director office services at Colliers, said in a statement.

Colliers represented the seller, Northdale Associates Ltd.

Whole Foods currently has 16 stores in Florida, including one in Tampa at 1548 N. Dale Mabry Highway.

The new location is just west of Dale Mabry Highway. The store will be built from a shell delivered by Weingarten Realty.

More deals

• Vantage Properties, a privately held St. Petersburg development company, is putting the finishing touches on a 4,000-square-foot Verizon Wireless store in New Port Richey.

Scheduled to open Nov. 14, the store is located on a 1.5-acre site at 9431 U.S. Highway 19 N that formerly housed a Colonial Bank branch.

• Hernando Hills, a collection of eight vacant parcels totaling 161 acres at the southwest quadrant of US Highway 41 and Mason Smith Road in Brooksville, sold for $699,000.